After months of drift, Pi Coin is finally showing life again. The Pi Coin price jumped nearly 32% this week, making it one of the token’s best performances in months. Traders are seeing this Pi Coin rally as the start of something bigger. Yet, some Pi chart metrics show that the rally might be fragile unless the price clears one key level.
The signs beneath the surface, though, hint at a deeper story of one where confidence may be quietly rebuilding, and the next breakout could decide PI’s direction for the next few weeks.
A Quiet Confidence Builds Around The Pi Coin Rally
Momentum behind Pi Coin isn’t just random speculation; it’s coming from all sides of the market.
The Smart Money Index (SMI), which tracks activity from historically profitable or institutional wallets, has climbed sharply since October 25. The index recently moved above its signal line for the first time in weeks, a sign that larger investors are returning after sitting out much of the recent downtrend.
Pi Coin Sees Smart Money Inflow: TradingView
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Whale movement is starting to mirror that optimism. The Chaikin Money Flow (CMF), which measures large money inflows, just flipped above zero for the first time since mid-September.
The last time this happened, Pi Coin saw a short burst of upside before cooling off. A positive CMF now suggests that whales are once again allocating capital into the token, not exiting.
Big Money Flows Into PI: TradingView
Retail traders seem to be following their lead into this ongoing Pi Coin rally.
The Money Flow Index (MFI), which combines both price and trading volume to gauge buying pressure, has made higher highs since October 12, showing consistent accumulation. When all three signals — smart money, whales, and retail — line up like this, it often hints at a coordinated phase of quiet confidence before a strong price move.
Retail Seems Bullish on Pi Coin Rally: TradingView
That confidence, though, will soon face its biggest test.
Falling Wedge Faces a Defining Moment
On the daily chart, Pi Coin price remains inside a falling wedge, a pattern that often signals an eventual bullish reversal. The price briefly tested the wedge’s upper boundary at $0.29 on October 27, only to be rejected by sellers. But buyers have since regained footing, keeping the Pi Coin rally structure alive.
If Pi Coin breaks and closes above $0.29, it would confirm a breakout and open the door toward $0.32, followed by $0.37. The first immediate barrier to an extended PI rally, however, is $0.28 — a level identified in earlier forecasts as the first meaningful resistance.
A strong move past this zone could shift sentiment decisively in favor of bulls.
However, risk still lingers. Between August 9 and October 29, Pi’s price made lower highs while the Relative Strength Index (RSI), a momentum tool that measures buying versus selling strength, made higher highs. This mismatch is called a hidden bearish divergence, and it usually means the existing downtrend may still have strength left.
Pi Coin Price Analysis: TradingView
Pi Coin is still down 36.8% over the past three months, keeping the broader trend bearish for now. If price falls below $0.20, it would invalidate the bullish setup entirely, potentially dragging it toward $0.18 or $0.15.
